How to Buy Obyte (GBYTE)

A Step-by-Step-Guide on how to buy Obyte (GBYTE)

Step 1 – Join Kraken

In the beginning you'll need to purchase units of the bigger coins. Exchanges usually accept either BTC (Bitcoin) or ETH (Ethereum) in exchange for any other Cryptocurrency. Click below for registration and to get Bitcoin (BTC) or Ethereum (ETH).

Binance Signup
Step 2 – Transfer Your ETH (Ethereum) or BTC (Bitcoin) to an Crypto Exchange

Your Bitcoin or Ethereum has to be sent over to an Cryptocurrency Exchange now. All exchanges have a deposit form that is alike. Obyte (GBYTE) is available on Binance, so we will use that as an illustration. Not sure on how to send Coinbase funds to an Exchange? (Follow these easy steps)

Make sure you have chosen the precise coin you wish to deposit.

BTC must be sent to a BTC deposit address, ETH to an Ethereum deposit address, etc. In the case you are working with a decentralized exchange, such as Airswap or DDEX could be divergent (Just follow our manual).

Step 3 – Find Obyte (GBYTE)

As soon as your deposit has been approved, you'll now have access to your funds and you can launch buying and trading. To invest in Obyte (GBYTE) on Binance, you will want to hover over the ”Exchange” tab and then mouse click on “Basic”.

In order to find Obyte (GBYTE), you'll need to insert the shortname of the coin (GBYTE) into the search box, which is marked in the picture. Make sure you have selected the correct pairing, we have highlighted this also. Click on “GBYTE/BTC” to go ahead.

Binance Hot To Buy Obyte (GBYTE)
Binance How to Buy (GBYTE) Obyte
Step 4 – Purchase Obyte (GBYTE)

Once you have located Obyte (GBYTE), you'll be given a Price Chart (in the Center of the picture) and some Order Books (on the Left of the picture). For now we're creating our own Limit Order.

The ”Price” field will be filled automatically with the most recent rate Obyte (GBYTE) was sold for. You can change this to your desired price. The ”Amount” field is the quantity of GBYTE you wish to buy. The ”Total” field is the aggregated price in Bitcoin that you will pay for the whole amount of GBYTE.

When you are glad, click on “Buy GBYTE”. Your order will be filled when a Vendor sells their GBYTE for the price you introduced.

Step 5 – Withdraw Obyte (GBYTE)

Unless you are frequently trading, best advise is not to keep your crypto on an Exchange for an longer period of time. In order to withdraw your Obyte (GBYTE), hover over the ”Funds” tab and mouse click on “Withdraw”. Obyte (GBYTE) can be stored safely using a Wallet, for instance MyEtherWallet. (MyEtherWallet Setup Guide)

Locate Obyte (GBYTE) by using the provided drop-down box. Drop in the volumen of Obyte (GBYTE) you would like to withdraw. Take into account the demonstrated fees/minimums. Also make sure you have filled your precise withdraw address.

If you are glad, make a mouse click on “Submit”. You could be asked for verfication via phone/email ahead of a take off.

Binance Withdraw

Congrats! You have successfully purchased and safed Obyte (GBYTE).

That's it!

Withdrawals from Crypto Trader can durate between 1 – 30 minutes (depending on network usage). As soon as you have confirmed your withdrawal with Ethplorer.io or Etherscan.io and the (GBYTE) Obyte is safe in your wallet, you're done.

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